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All Forum Posts by: Hai Le

Hai Le has started 22 posts and replied 36 times.

Post: BRRR Method Question

Hai LePosted
  • Investor
  • Miami, FL
  • Posts 36
  • Votes 10
Quote from @Eliott Elias:

If you want to pull out the max LTV, you're going to have to wait six months.

What if I want to pull out less than the max LTV?

Post: BRRR Method Question

Hai LePosted
  • Investor
  • Miami, FL
  • Posts 36
  • Votes 10

Hey there! I’m looking to purchase a house in cash for $20k, it’ll take 60k-70k in renovations which would take about 3-4 months and market value post renovations is about 160k.


Is there any way around the 6 month seasoning period to be able to cash out refi earlier than the 6 months that I’ve been told?

Post: Tenant going into my apartment

Hai LePosted
  • Investor
  • Miami, FL
  • Posts 36
  • Votes 10

I have a garage tenant, 

My contractors are working on my house and the garage tenant decides to go into the house (he doesn’t have a lease that is inside the house, only the detached garage)

What do I do from here/is this in breach of lease contract??

Post: Damaged Driveway from Neighbor Business

Hai LePosted
  • Investor
  • Miami, FL
  • Posts 36
  • Votes 10

Hello I recently spent $8150 to get my driveway repaved. I have the property in a commercial zone, have a business to the right of me. One of their customers dragged a concrete parking barrier across my driveway damaging it and leaving what looks to be permanent marks on it and hasn’t gone away in a week. Image attached. Is there any legal action I can do or is there anything I can do at all? 
I live in the state of NY

Post: Security Deposited Refund or Not

Hai LePosted
  • Investor
  • Miami, FL
  • Posts 36
  • Votes 10

Garage tenant entered 6 month lease for May into November $850 a month. Lease agreement states security deposit would be used as an unpaid rent if there was early termination.
Tenant decides to end lease early making final payment August 1st and moving out the 3rd, I find a tenant September 1st but at a rent payment of $700 instead of $850  
Does this tenant have the ability to get his security deposit refunded if it took a month to find a new tenant after he had left? 

Post: Commercial Zoned Parking Issues

Hai LePosted
  • Investor
  • Miami, FL
  • Posts 36
  • Votes 10

I have a rental property in the middle of two businesses, one beside me is an insurance agency that I have no issues with, the other one is a smoke/vape shop that just opened up. I’ve had an insane amount of issues with these guys regarding their customers parking on my driveway. I have just spent $8150 to repave my driveway, and I have set up concrete barriers and cones to discourage people from parking.

To no avail, their customers still park on my driveway, blocking my tenants from moving their vehicle and blocking the driveway going into the back to the garage. I have no parking signs up, cones up and a concrete barrier to divide the lines and their customers are ruining my newly paved driveway.

What is the solution to this? My local PD said that there is no way of legally enforcing parking on private property. I am in NY

Post: Security Deposit Refund ?

Hai LePosted
  • Investor
  • Miami, FL
  • Posts 36
  • Votes 10
this is in UTICA, NY
Originally posted by @Scott M.:

What does your lease say about early termination?  If your question is can you deduct early termination from an SD the answer is yes, in most areas.  What city/stateis this home in?

Post: Security Deposit Refund ?

Hai LePosted
  • Investor
  • Miami, FL
  • Posts 36
  • Votes 10

I have tenant leasing my garage for $850 from May 1st to November 1st on a 6 month lease. He is planning on leaving tomorrow (August 3rd). He’s paid me for august rent already but leaving early. Do I refund him his security deposit or keep it towards early lease termination? 

Post: From Drop ceiling to Drywall

Hai LePosted
  • Investor
  • Miami, FL
  • Posts 36
  • Votes 10
Yes, I am doing STR and I believe in my situation that the drywall ceiling will look more appealing than the drop circling, it is about 7ft-71/2ft.
I am very comfortable with where the height was where the drop ceiling used to be
Originally posted by @Colleen F.:

@Hai Le don't have an answer for you but will  this upgrade the unit so you can charge more? Also what is the ceiling height if you put in 2 x4 's, would you still be comfortable and be at least minimum required height?

Post: From Drop ceiling to Drywall

Hai LePosted
  • Investor
  • Miami, FL
  • Posts 36
  • Votes 10
The joists are about 2 ft higher but there is too much in the way to get to the joists, water pipes, furnace ducts, would take more work than needs to be and I am fine with the ceiling height where the drop ceiling used to be.

Originally posted by @Theresa Harris:

Is there no framing about the drop ceiling?  Usually there are joists that drywall can be attached to.  I'd call a few drywall companies for quotes.